Merry Christmas and Some Charts to Keep You Warm

If you just want my views on the increasingly unruly price action in the equity market, scroll down to the bottom of this post, and you will find the link to the PDF. Now that I have your attention, though, allow me to wish you a Merry Christmas and a Happy New Year. Thanks for reading, and for the comments you throw my way on email, on Twitter or over at Seeking Alpha. I am very grateful for this interaction. This has been a good year for me in terms of keeping a steady output here, a tempo I hope to keep up next year. That said, I am, as ever, struggling with too many ideas and too little time. I wouldn’t want it any other way.

I managed to finish one short story in 2018—it will be published soon—which took much longer than it ought to. The main issue is that I have also been working on a novel, which I am now determined to finish before starting any new fiction-projects. I also hope to do more podcasts next year, about other topics than economics and finance, though I must confess that the state of debate about the issues that I want to discuss is in such a dire state that I don’t know where to begin. People don’t seem to be having proper conversations about important issues anymore, though some are if you care to go beyond the beaten track. Instead, they seem to be engaged in a race to the bottom of mutually assured destruction. In any case, this is a discussion for another day.

I have updated some of my charts and models in light of the horrible price-action in equities in the latter part of December. This will definitely be my final entry this year. Click here for the PDF.